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    Exam 7: Appendix: a Closer Look at Production and Cost
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    Upon Opening a Printing and Copy Shop, a Firm Budgets
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Upon Opening a Printing and Copy Shop, a Firm Budgets

Question 62

Question 62

Multiple Choice

Upon opening a printing and copy shop, a firm budgets $40,000 for copy machines and labor. The firm can operate its copy machine for 2,000 hours if it doesn't hire any labor. What is the hourly wage the firm must pay?


A) $1.25
B) $2.50
C) $5
D) $8
E) It is impossible to tell from the information given.

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